Category: Hike
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First to hike, last to cut? BoE caution cossets pound: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Is it the first country to raise interest rates, the first to hit its inflation target and the last to cut rates? It may be unwise to read too much into the volatile and marginal bets on interest rates in financial markets, but for…
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Win for St Bakhita parents as court suspends school fees hike
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Parents and guardians of St. Bakhita Schools in Nairobi have been granted amnesty after the High Court temporarily barred the management from increasing school fees and other charges. In her ruling, Judge Janet Molwa said parents and their children would suffer if the notice issued by the administration in March…
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Netanyahu, Simhon pushing to cancel VAT hike
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A source close to the matter told Globes that Prime Minister Benjamin Netanyahu and his economic adviser, Professor Avi Simhon, are pushing to cancel the VAT hike from 17% to 18%, which is scheduled to go into effect on January 1, 2025. The plan, prepared by Simhon, head of the…
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Wells Fargo reports mixed Q2 results, plans dividend hike By Investing.com
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Wells Fargo & Company (WFC) reported its second-quarter financial results, revealing both strengths and challenges as it continues its transformation journey. CEO Charlie Scharf emphasized the growth in fee-based revenue and strategic improvements in the credit card and corporate investment bank sectors. Despite a decrease in net interest income and…
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Impending tax hike looms for Americans in the UK following general elections
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Americans living and working in the UK may face increased tax rates due to the results of the UK general election and the US presidential election in November. “For the Americans, this is the warm-up period before the main event of the US elections in November,” said Alex Street, a…
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RBA could hike rates in August, supporting AUDUSD- UBS By Investing.com
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UBS said it expects the Reserve Bank of Australia to raise interest rates in August after a series of inflation surprises, and that the Australian dollar (AUDUSD) is likely to benefit from such a scenario in the longer term. Australia’s inflation rate has unexpectedly risen for three straight months, raising…
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Nomura warn of yen intervention – also see risk of a BoJ rate hike at its next meeting
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Nomura with a review of last week’s BOJ decision, what to watch for the yen, and a preview of the BOJ’s upcoming meeting: The June meeting did not witness any hard-line surprises The Bank of Japan decided to reduce its purchases of Japanese government bonds after the monetary policy meeting…
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Opinion: It’s time to stop complaining about the capital gains hike
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Breadcrumb links News Economy We are all against new taxes. But it’s not that simple Posted on June 15, 2024 • Last updated 23 minutes ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Deputy Prime…
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RBNZ Delivers a Hawkish Hold with Rate Hike Talks and Higher Inflation Projections
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As expected, the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 5.50% for the eighth straight meeting in May. What traders did not expect was for the central bank to share this.”The committee discussed the possibility of increasing OCR at this…
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US Postal Service wants 25% price hike for high-volume package shipping By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service said on Friday it is seeking an average 25% price increase for high-volume shippers to enter packages for regional delivery through its Parcel Select service. The price hike, which will take effect on July 14 and must be approved…